Everyone seems to be talking about the labor shortage these days.
The labor shortage has been a big problem in the HVACR industry for decades, and from all indications, things are going to get worse before they get better.
While many HVAC companies are prepared for booming growth and expansion these days, others within the industry may be in a better position to consider market consolidation instead.
With the shortage of trained HVAC technicians, universal HVAC parts are part of the solution, according to some contractors. These universal parts include hot surface ignitors, which offer the added benefit of taking up minimal truck inventory space.
While growth may be the case for a number of HVAC businesses, it’s not necessarily the future of every one. In fact, some of them are best positioned for market consolidation.